Capital One Financial Corporation (NYSE:COF) Shares Sold by Mizuho Securities USA LLC

Key Points

• Mizuho Securities USA LLC cut its stake in Capital One Financial by 15.6%, selling 5,635 shares, leaving it with 30,523 shares valued at approximately $5.47 million.
• Capital One Financial reported an EPS of $5.48 for the recent quarter, exceeding analysts' expectations, but its revenue of $12.49 billion slightly missed the consensus estimate.
• The company declared a quarterly dividend of $0.60, representing a 1.2% yield, with a payout ratio of 123.08%.

Mizuho Securities USA LLC lessened its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 15.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,523 shares of the financial services provider's stock after selling 5,635 shares during the period. Mizuho Securities USA LLC's holdings in Capital One Financial were worth $5,473,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Capital One Financial by 18.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock valued at $10,010,000 after purchasing an additional 9,374 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of Capital One Financial by 105.3% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock valued at $138,000 after purchasing an additional 394 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Capital One Financial by 15.3% in the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock worth $1,776,000 after buying an additional 1,312 shares during the last quarter. Mutual Advisors LLC acquired a new stake in Capital One Financial in the 1st quarter worth about $215,000. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in Capital One Financial in the 4th quarter worth about $91,780,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Up 1.3%

NYSE:COF traded up $2.72 during trading hours on Thursday, hitting $219.69. The company's stock had a trading volume of 1,399,036 shares, compared to its average volume of 4,456,095. The stock has a market capitalization of $140.50 billion, a P/E ratio of 112.61, a price-to-earnings-growth ratio of 0.85 and a beta of 1.16. The stock has a fifty day moving average of $210.24 and a 200-day moving average of $193.51. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 52-week low of $131.55 and a 52-week high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. During the same period last year, the company earned $3.14 EPS. The business's quarterly revenue was up 31.4% compared to the same quarter last year. On average, equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) is presently 123.08%.

Insiders Place Their Bets

In other Capital One Financial news, CAO Timothy P. Golden sold 3,462 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer owned 8,987 shares of the company's stock, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,091 shares of company stock valued at $4,188,454. 1.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on COF. Rothschild & Co Redburn began coverage on Capital One Financial in a report on Friday, August 1st. They issued a "buy" rating and a $290.00 price objective on the stock. Wall Street Zen cut Capital One Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Truist Financial upped their price objective on Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a report on Monday, July 28th. Royal Bank Of Canada upped their price objective on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Finally, Bank of America upped their price objective on Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $238.81.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.